$8 at 1% Interest for 10 Years
How much money will your investment be worth if you let the interest grow?
Amount
$
Interest Rate
%
Years to Invest
After investing for 10 years at 1% interest, your initial investment of $8 will have grown to $8.84.
You will have earned $0.84 in interest.
How much will savings of $8 be worth in 10 years if invested at a 1.00% interest rate?
This calculator determines the future value of $8 invested for 10 years at a constant yield of 1.00% compounded annually.
Did Albert Einstein really say "Compound interest is the most powerful force in the universe?"
According to Snopes, the answer is probably not.
Nevertheless, investing money consistently over a long period of time has made many people very rich.
Growth of $8 at 1% Interest
| Year | Amount |
|---|---|
| 0 | $8.00 |
| 1 | $8.08 |
| 2 | $8.16 |
| 3 | $8.24 |
| 4 | $8.32 |
| 5 | $8.41 |
| 6 | $8.49 |
| 7 | $8.58 |
| 8 | $8.66 |
| 9 | $8.75 |
| 10 | $8.84 |
$8 for 10 Years by Interest Rate
| Rate | Amount |
|---|---|
| 1% | $8.84 |
| 2% | $9.75 |
| 3% | $10.75 |
| 4% | $11.84 |
| 5% | $13.03 |
| 6% | $14.33 |
| 8% | $17.27 |
| 10% | $20.75 |
| 12% | $24.85 |
| 15% | $32.36 |
| 20% | $49.53 |